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BTCUSDT
Entry 116,380.0000 2025-08-18 20:20 UTC
Target 74,400.0000
Fail 125,000.0000
Risk / Reward 1 : 5
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BTCUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
Body
The analysis discusses the Bitcoin price chart using a 4-hour timeframe, noting support and resistance levels. Bitcoin has broken its all-time high but subsequently declined. A support level is identified at 114200. Resistance is noted at 115700, further resistance lies at 116800. According to the analyst, the all time high failed so Bitcoin can get a correction until 74400 in a longer perspective. The analyst uses elliot waves and states that the market did a complete elliot wave with 5 moves, and a correction move A, B, and C. The Ethereum analysis indicates a current price of $4310 trading with support at 4224 and the analyst believes the price may reach 4794.
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